Italy calls for euro bonds UK backs fiscal union
(Reuters)
Reuters - Italian Economy Minister Giulio Tremonti stepped up calls for a more coordinated response to the euro zone debt crisis, including the creation of euro bonds, ahead of a crucial Franco-German summit next week.
Source: Yahoo! News: Business - European Economy
Italy rescue warning:
Italy will "Inevitably request" The European Union for a "Bailout" Package "Over the next six months", if the country's borrowing costs hit unsustainable levels and a broader domestic economic recovery fails to materialise, a confidential client note issued by Mediobanca has warned. Ref. Source 1
Huge financial scandal in Venice
Art / Artist Related Issues
Corruption charges over flood barrier bring seven arrests, including former president of the agency in charge of its building
Source
Italy's Insolvent Monte Paschi To Issue €15 Billion In Debt:
According to daily La Repubblica, Monte dei Paschi would issue the debt in the form of bonds and commercial paper. A third of that debt would have a short-term maturity date, while the rest would mature in three years, Ref. Source 7w.